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Bullion market association office bearers say it is not mandatory that jewellers follow the price they set every day
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Despite growth in gold imports, the country's trade deficit narrowed to $98.56 billion during 2020-21 as against $161.3 billion in 2019-20
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Experts see gold prices hitting Rs 50,000 per 10 gram levels soon
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"Gold prices rallied supported by dollar decline and fall in US bond yields," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities
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There is no real limit on the amount of gold jewellery or ornaments one can own as long as the source of funds can be justified
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Investors are responding to the negative real interest rates by choosing gold over other instruments
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Soon you will be able to buy gold from any shop without being worried about its purity as the government has announced that mandatory hallmarking of gold jewellery and artefacts will be implemented from June 1, 2021. Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present. The […]
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From June 1, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery which will be hallmarked
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"Gold prices traded lower with spot gold prices at COMEX (New York-based commodities exchange) trading down to $1,726 per ounce on Tuesday," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities)
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For investment purpose, buyers must prefer 24K gold bar or coins instead of jewellery, experts suggest